MformationThe mobile device management software company

Mformation Extends Series D Financing to $24.5 Million with Addition of $15.3M Funding from Existing Investors

All current investors reiterate commitment through participation in a $15.3M financing round

Edison, NJ - April 20, 2006 - Mformation® Technologies Inc., the market leader of mobile device management solutions for the mobile industry, announced the close of a $15.3M financing to extend the Series D round to $24.5M. This brings the total investment in the company to about $50 million. Existing investors Alex Brown Venture Partners, Battery Ventures, Carmel Ventures, Intel Capital and North Bridge Venture Partners participated in the financing.

The release of the new funds will enable Mformation to continue its drive to expand its operating activities and therefore solve the growing global demand for complete mobile device management solutions. The additional monies will be used to expand operations reflecting the buoyant demand for it’s products, further its geographical expansion including the Asian market, and to raise the company profile in line with the customer successes that have been secured.

“We are pleased that mFormation’s existing investors led by North Bridge Venture Partners have re-affirmed their commitment to the company through this round of financing and chosen to invest the round internally despite external offers and following the significant commercial progress of the company,” said Mark Edwards, CEO of mFormation Technologies Inc. “mFormation has been the forerunner of a complete mobile device management solution that has been evolved over seven years and underpins the ability of mobile operators to execute on their data strategy and secure incremental revenues. This vision combined with a strong focus on execution has enabled mFormation to secure major customer wins and leadership in the global mobile device management market.”

About Mformation

Mformation Technologies Inc. is the leading global provider of mobile device management (MDM) technology, offering a complete solution that enables mobile operators to rapidly accelerate their data revenues and reduce support costs. Mformation's award-winning MFORMATION SERVICE MANAGER™ suite is the most complete, flexible and integrated mobile device management software solution in the industry, providing solutions for OMA DM-based provisioning and configuration, FOTA management, smartphone application management, diagnostics, security management, enterprise management and customer experience management.

MFORMATION SERVICE MANAGER™ received the 2007 GSM Association’s award for “Best Service Delivery Platform” and was a finalist for the 2008 CTIA E-Tech award in the 4G-Service Management category.  Mformation's platform has been licensed to leading operators in Asia, Europe and the US including Sprint, T-Mobile, Telefónica and Vodafone.  Mformation is headquartered in Edison, New Jersey with offices around the globe.  Mformation is a privately held company funded by Battery Ventures, Carmel Ventures, Intel Capital [NASDAQ: INTC], North Bridge Venture Partners, QuestMark Partners, Visa International and Wasatch Advisors Inc.  

Contact Mformation on the Web at www.mformation.com

Trademarks

Mformation and the Mformation logo are registered trademarks and MFORMATION SERVICE MANAGER is a trademark of Mformation Technologies, Inc. All other trademarks, registered trademarks and brand names are the property of their respective owners.